Announced
Financials
Tags
Domestic
Pending
Private Equity
Canada
Friendly
Private
Majority
Single Bidder
bank
Acquisition
Mortgage Finance
Synopsis
Ontario Teachers’ Pension Plan, an administrator of Canada’s largest single-profession pension plan, agreed to acquire HomeQ, a provider of mortgage financing services, from Birch Hill, a private equity firm. Financial terms are not disclosed. “We are excited about the value Ontario Teachers’ will bring as we continue to serve Canada’s rapidly growing retiree population. Its long-term capital profile, track record of delivering retirement solutions and our shared vision of making a positive impact on the lives of retired Canadians makes Ontario Teachers’ a natural partner for us,” Steven Ranson, HomeEquity Bank President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.